A short history of the futureReport Date: 7th July, 2020
This report looks at where and how the economic recovery from Covid could be sustainable. Countries that will do better are those where behaviour reverts to pre-Covid patterns, savings rates are high, policy was effective and where manufacturing (rather than services) is a relatively large proportion of output. Nevertheless, the pandemic has resulted in a massive transfer of income and assets from the state to corporations and households and the biggest ever incurrence of liabilities by the state. This will have long-lasting effects and sets the parameters for recovery.
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